260: Can Food Become an Asset Class in Africa? with Richard Lackey
Richard Lackey has been a paramedic, a disaster relief manager and a hedge fund manager. That's an unusual resume, but it's exactly the combination it takes to do what he's doing now: treating food itself as an investable asset. In 2015, he founded the World Food Bank out of Colorado, built on a simple but radical idea — that you can run an institution like a bank, except the commodity on the balance sheet is grain, not currency.
The World Food Bank trains smallholder farmers, finances their inputs, guarantees their offtake and connects them to markets that used to be closed to them. In…
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